This festive season all the major online biggies Flipkart, Amazon, and Snapdeal came up with best offers and deals. Though the mobile wallet-major Paytm, that also has a marketplace in the country has joined the sales season late, after the one-round of other online biggies is over. Paytm branded it “Maha Bazaar Sale” and it is going to offer its best after October 12. Paytm is expecting to grow its monthly gross merchandise value up to 3X by the end of the year and currently it is aiming for year-on-year growth of fifty percent in the sale of the festive season. Paytm hopes to meet the expected run rate of Rs, 3000 crores if everything falls into place. The company said that it has lined up total benefits including discounts and cashback put together of more than estimated Rs. 1000 crore this year for consumers during three days of sale. Paytm is also planning to spend money in regional media and various other offline channels with aim of expanding its Tier-II and Tier-III markets. Paytm is aiming to achieve up to 100 million transactions with the growth of 100 percent over the last year in this three days of season sale.
Huge Discount Facility
Diwali is the largest and biggest shopping season of India and the special offers of Paytm will add more delights to this year’s celebration. Paytm is expecting to deliver a great experience to its consumers and sellers this Diwali. Saurabh Vashishtha, Vice-President of Paytm said that this is the company’s vision to position ourselves in the minds of Indian consumers as the one-stop destination for the value-driven online shopping experience. The Paytm marketplace has already invested a significant amount in offering warehouse facilities at up to 90 percent discount facility across 19 fulfillment centers with free consolidation centers at 35 locations and more additional manpower to ensure smoother and faster operations during the peak season. Paytm is trying hard to go big with its online marketplace business as it plans to invest Rs. 1000 crore in the newly separated entity.
Maha Bazaar Sale
The Maha Bazaar sale of Paytm will offer consumers huge numbers of discounts and Paytm’s signature cashback to Paytm wallets. Paytm is expected to offer Rs. 10,000 cashback on all the products of Apple during this season sale and this is likely to include the latest iPhone models too.